Everything Blockchain, Inc. Expands Board with Appointment of Two Independent Directors in Preparation for Up Listing to Senior Exchange
Everything Blockchain, Inc. (OTCMKTS: OBTX) expanded its Board of Directors to five members, preparing for an uplisting to NASDAQ or NYSE. Richard C. Schaeffer, Jr., a former NSA executive, and Thomas G. Amon, a seasoned attorney, join the board. This move aims to enhance the company's leadership in cybersecurity and blockchain technology. With a focus on trust and data protection, the new members bring extensive experience in their fields. The updated board structure includes three independent members for audit and compensation committees, reinforcing the company's governance ahead of the uplisting.
- Expansion of the Board of Directors to five members enhances strategic leadership.
- Inclusion of Richard C. Schaeffer, Jr. and Thomas G. Amon adds expertise in cybersecurity and corporate law.
- Preparation for an uplisting to NASDAQ or NYSE could increase visibility and investment opportunities.
- Potential concerns regarding the continuity and experience of the newly expanded board members.
Fleming Island, Florida, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Everything Blockchain, Inc., (OTCMKTS: OBTX) an advanced platform architect, development and services company and software foundry, specializing in blockchain technologies and decentralized processing, announced today that it has expanded its Board of Directors to five directors in anticipation of fulfilling its requirements for an up listing to NASDAQ or the New York Stock Exchange (NYSE).
The Company filled the new positions through unanimous approval of the Board of Directors and a majority of its shareholders. Richard C. Schaeffer, Jr. and Thomas G Amon accepted the positions on the Board of Directors.
Mr. Schaeffer is a former Senior Executive with the National Security Agency (NSA), with almost 50 years in the Information Security, Cyber Security, and Intelligence space. Since retiring in 2010, Mr. Schaeffer has continued to pursue his passion for improving the security of U.S. and partner interests in the Cyber domain. He started a private consulting firm, Riverbank Associates, LLC, located in Severna Park, Maryland, bringing visionary leadership, management and technical experience to his client’s challenges. His client base has included a full range of private sector companies from small start-ups, to mid-size companies, to large system integrators and commercial businesses. He serves on the advisory boards of a number of government, private sector and non-profit companies and organizations. He also serves as an Outside Director on the Boards of three companies addressing the concern of foreign investment and control over elements of foreign owned companies providing products and services to classified U.S. Government clients. He remains a strong advocate in the area of cyber education and training, believing that the Nation’s future in the complex world of Cyberspace depends upon a corps of professionals who are well equipped to deal with a rapidly changing technology and threat environment. Throughout his career, Mr. Schaeffer has been recognized for his vision, leadership, and commitment to excellence. He is known for his strategic thinking, ability to build cohesive teams, political savvy, technical competence, extensive network of cyber and intelligence professionals, and ability to communicate complex topics to any audience.
Mr. Amon is an attorney licensed to practice in the State of New York. Mr. Amon is a Harvard graduate earning his law degree from the University of Virginia. He is a corporate and M&A specialist with over 40 years’ experience representing small and medium sized companies and investment funds. Mr. Amon currently serves as general counsel of an energy company based in New York and Houston Texas. He is acting general counsel and founder of Military Talent Group, Inc. providing recruitment and retention services to veterans, Fortune 500 companies and state and local governments. He also serves as a member of the Board of the New York City Tech Foundation.
The two additional board members complete the five-member board, which consists of three independent board members who will also comprise the Audit Committee and Compensation Committee going forward in preparation of an up listing to either the NASDAQ or NYSE.
Michael Hawkins, Everything Blockchain’s Chairman of the Board, stated, “We have put together a very powerful and influential senior management team of pioneers and industry trendsetters. We continue to advance our depth and leadership with outstanding and influential global trendsetters in cyber security through zero trust and Blockchain.”
Richard Schaeffer added, “Everything Blockchain will be a household name that exemplifies TRUST and data protection. While attending the Company’s two-day management team meeting in Jacksonville this past weekend, it became abundantly clear that the Everything Blockchain team are the visionaries for our future and their brilliantly developed solutions are a masterpiece in cyber protection. I look forward to working with and helping guide this team’s success. Everything Blockchain is Blockchain for everything.”
Thomas Amon continued, “The implications of the Everything Blockchain platform and software solutions will have an immediate and direct impact in the oil and gas industry, net zero by 2050, and the quality of life for everyone. I am excited to be a part of this team and share its vision and mission.”
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